Events
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Chinese Zodiac celebrates 2009 as a year of Ox. They have 12 different animals to represent each year of the 12 year cycle. This festival begins on the 1st day of the 1st lunar month and end on the 15th. This day is celebrated as lantern festival. The highlight of the festival is the lantern dance. La Digue Island in Seychelles is reminiscent of how life looked on Seychelles before humans came. Ecological and traditional mode of transport in La Digue (Seychelles) is an Ox – driven cart. The best way to get around is by bicycle, on foot or by an ox cart which is a widely used transportation. Seychelles Islands in the Indian Ocean enjoys greater political stability and is becoming one of the most attractive offshore jurisdictions. Seychelles entered the offshore financial services industry in December 1994, following the enactment of the International Business Company Act 1994 and other legislation. The year 2008 witnessed registrations over 50,000 IBC’s in Seychelles. Seychelles has wide network of Double taxation avoidance treaties with countries around the world, reducing the tax liability to 1.5 % on profits. The year 2008 saw the launch of Seychelles Mutual and Hedge fund and it is positioned as an excellent alternative as a "feeder fund jurisdiction. Seychelles has also experienced remarkable growth and considered a super destination for funds investing in countries like china, Indonesia, South Africa, due to their favorable Double Taxation Treaties. Seychelles also provides offshore trust formation and looking forward to introducing new products like Foundation and Seychelles Stock exchange. |